The Economic and Financial Crimes Commission (EFCC) says it can temporarily restrict a bank account linked to Osun State for 72 hours without first obtaining a court order. EFCC spokespeople argue that the action is lawful and justified by the commission’s statutory powers and relevant legislation, including provisions cited from the EFCC Act and the Money Laundering (Prohibition) Act.
According to the reports, the EFCC’s position comes in response to questions about the legality of its decision to freeze the account and whether such steps require prior judicial authorization. The EFCC maintains that it acts within its legal remit to prevent further possible financial wrongdoing while investigations are ongoing.
The two outlets describe the same core claim: that the commission’s 72-hour restriction is an interim measure grounded in its enabling laws. Both accounts also link the action to concerns about suspicious activity associated with the account, though details of the underlying allegations are not fully spelled out in the summaries provided.
